Partnership Return

On the ATO website click these links:

• For an overview of key changes Tax Time 2017.

• To open the Partnership tax return instructions. There is no PDF file to download for the Partnership instructions.

An Interposed Entity Election or Revocation (Schedule Y) may be attached to the return and lodged via ELS/PLS by selecting it from the Preparation > Schedule menu.

A Standalone Interposed Entity Election (Schedule YY) may be prepared and lodged separately from the Partnership return.

Data Entry

The item and labels are listed for data entry on a set of tab cards:

• Partnership Front Cover

• Income and expenses

• Deductions

• Other Information

• Business and Professional Items

• Distribution

Schedules that are lodged accompanying the return

Schedules that are lodged with the main income tax return to support other data in the return are:

• amd - Amendment schedule (amd)  

• A - Other attachments schedule (att)  

• ids - International dealings schedule (ids) 

• ps - Payment summary schedule (PS) 

• rep - Rental property schedule (rep)

• y - Interposed entity election/revocation schedule (Y) 

Forms

Forms associated with Companies that are lodged separately are:

• cue - Client update for entities (CU)

• eft - Direct debit authorisation (Form EM)

• ga - Business activity statement - BAS (GA)

• gb - Instalment activity statement (GB)

• gi - Annual instalment activity statement (GI)

• gr - Annual GST return (GR)

• yy - Standalone interposed entity election/revocation schedule (YY)

Worksheets

Worksheets that support the return but do not generate lodgable attachments are:

• a - Schedule A Reconciliation

• b - Schedule B (business income worksheet)

• c - Schedule C (primary production worksheet)

• ces - Consolidation eligibility (subsidiary) (ces)

• d - Depreciation worksheet (d)

• dai - Deductions relating to Australian investment income (dai)

• dip - Distributions from Partnerships worksheet (dip)

• dit - Distributions received from Trusts worksheet (dit)

• div - Gross dividends worksheet (div)

• esi - Early stage investor (ESIC)

• esv - Early stage venture capital limited partnership (ESVCLP)

• exc - Exploration credits worksheet (exc)

• fip - Financial Investment income and deductions 2017 (fip)

• fms - Forestry managed investment scheme worksheet (fms)

• for - Foreign income worksheet (for)

• g - Capital gains worksheet (g) 

• int - Interest income worksheet (int) 

• it - Intangible/Tangible depreciating assets worksheet (it)

• mve - Motor vehicle worksheet (mve)

• oi - Other Australian source income worksheet (oi)

• pyl - Prior year losses worksheet (pyl)

• sbe - Small business entities eligibility worksheet (sbe)

• sbc - Small business income worksheet (sbc)

• sbw - Capital works deductions worksheet (sbw)

• sda - Small business entity depreciating assets worksheet (sda)

• tof - Taxation of financial arrangements worksheet (tof)

• xP - Partnership distribution (xP) 

Back to Income Tax Returns

Processes for Partnership returns include:

• Printing Returns

• Lodging Returns using the Electronic Lodgment Service (ELS)

• Assessment Details

• Amending Lodged Returns

For a PDF version of the Partnership Return and Statement of Distribution showing ELS/PLS tags and Tax codes click this link - Tag image PDF

Back to Income Tax Returns